Consumer Portfolio Services 401(k) Plan: Login, Facts & Contact Information
Consumer Portfolio Services 401(k) Login
186 former Consumer Portfolio Services employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2022 filing.
Consumer Portfolio Services 401(k) Plan Facts
Source: Form 5500 for plan year 2022 (Jan 1, 2022 – Dec 31, 2022), filed Jul 28, 2023. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2022
- $4.73 million went into the plan in contributions, $1.29 million of it from the employer (27%).
- $3.14 million was paid out to participants.
- Administrative expenses were $228,171, about $240 per account.
How the Consumer Portfolio Services 401(k) changed, 2017–2022
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2017 | 1,073 | $29.9 million | $1.24 million | $2.18 million |
| 2018 | 1,125 | $30.2 million | $1.45 million | $1.88 million |
| 2019 | 1,154 | $39.0 million | $1.56 million | $1.88 million |
| 2020 | 1,157 | $44.0 million | $1.45 million | $5.42 million |
| 2021 | 997 | $56.9 million | $1.24 million | $3.22 million |
| 2022 | 751 | $49.0 million | $1.29 million | $3.14 million |
Consumer Portfolio Services 401(k) Contact Information
Questions about the Consumer Portfolio Services 401(k)
Does Consumer Portfolio Services contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $1.29 million, 27% of all contributions.
Does the Consumer Portfolio Services 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Consumer Portfolio Services 401(k) plan?
751 participants at the start of plan year 2022, 772 of them active employees, and 186 former employees who still had money in the plan.
What is the average 401(k) balance at Consumer Portfolio Services?
About $51,539 per account: $49.0 million in plan assets across 951 accounts with a balance at the end of plan year 2022.
Who manages the Consumer Portfolio Services 401(k) accounts?
Empower (listed on the filing as MASSACHUSETTS MUTUAL LIFE INSURANCE) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Consumer Portfolio Services. How do I access my 401(k)?
Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.